Oceanic Apartments

Karnataka Govt extends help and support for Gulf returnees

Bhatkal: With the new laws of Saudi Arabia that is making the living conditions of expats difficult day by day, the Karnataka State government has extended its help and support to the huge number of minorities who are turning back to their motherland from the Gulf.

Under Karnataka Minorities Welfare Board, the government has set a scheme of providing loan to start up with self employment. The loan amount of upto 10 lakh rupees will be sanctioned at the interest rate of 5% for which the 7 years of time will be given to clear the loan. The term and condition to apply is that the applicant should be in the age group between 18 to 45 years old and should have at least 4,50,000 rupees of annual income. The interested people are asked to submit the attachment of their occupational details along with passport and Visa copy

It shall be remembered, Chief Minister H.D Kumaraswamy during his Bhatkal visit prior to assembly elections had promised of helping the gulf returnees if his party comes to power.

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